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Foreign Exchange Facility Guarantee | EDC

Value

Varies.

Description

Protect yourself against foreign exchange risk without locking up your capital with EDC’s Foreign Exchange Facility Guarantee. Through this program, you can avoid posting collateral as payment assurance for your foreign exchange contract provider and keep your cash free for doing business.

Eligible Applicants

Eligibility is determined by EDC based on:

  • the managerial, technical and financial capabilities of your company

Eligible Expenses

Foreign exchange derivative contracts, with a duration up to three years.

Additional Note:

EDC is dedicated to supporting Canadian businesses during the COVID-19 pandemic.

We’ve adjusted the Foreign Exchange Facility Guarantee (FXG) to meet the current needs of Canadian businesses.

  • EDC has traditionally focused on supporting companies that export their products and services. Due to the pandemic, that has changed. Until the end of 2021, EDC will be offering this solution to companies that do not export.

Deadline Date

  Ongoing
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